What ShopCore Properties does

ShopCore Properties is a private commercial real estate owner and operator focused on community, power, and grocery-anchored shopping centers across the United States. Founded in 2016 and headquartered in Chicago, the company has become a component of a broader diversified real estate operating platform branded as Perform Properties, which was formed by combining the assets and capabilities of ShopCore with ROIC and EQ Office. The combined entity manages a nationwide portfolio of high-traffic retail and office properties in markets including Seattle, Pasadena, Chicago, Davenport (Florida), Philadelphia, and Puyallup, with trophy assets such as Willis Tower, US Bank Center, and One Colorado.

The company's core offering centers on leasing, asset management, construction, and property operations for retail and office environments, delivered through a direct-to-tenant leasing model via an online property search portal and a specialty leasing program providing pop-up, seasonal, mobile retail, and experiential marketing solutions. The platform serves a mix of enterprise tenants (e.g., US Bank, Sephora) and SMB/startup tenants (e.g., Butterfly's Rest, a woman- and Asian-owned floral studio), with a tenant-first positioning that emphasizes curated tenant mixes and wellness-driven design. Revenue mechanics are anchored in long-term recurring commercial leases supplemented by flexible short-term specialty leasing income, with quote-based pricing that is not publicly disclosed.

The company pursues multi-channel tenant engagement through its corporate website, LinkedIn, Facebook, and Instagram, and maintains partnerships with local economic development organizations (Seattle Restored, the Seattle Office of Economic Development, Good Business Network of Washington) and industry associations (BOMA). The company does not have disclosed funding rounds, M&A activity, or material AI/technology capabilities beyond standard property management operations, and key financial metrics including revenue are not publicly disclosed.

Name

ShopCore Properties

Website

https://shopcore.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

ShopCore Properties is a private commercial real estate owner and operator of community, power, and grocery-anchored shopping centers across the United States, now operating as part of the Perform Properties platform alongside ROIC and EQ Office, serving enterprise and SMB tenants through long-term leases and a specialty leasing pop-up program.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Leasing

akta.pro primary industry

Retail Property Management (BPAJAGAB)

Keywords

• Commercial real estate leasing
• Shopping center operations
• Office space leasing
• Retail property management
• Specialty leasing pop-ups

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Commercial Real Estate Leasing: The company generates revenue primarily through leasing retail and office spaces to tenants. Revenue comes from long-term commercial leases for retail and office environments, as well as specialty leasing programs offering flexible short-term solutions including pop-ups, seasonal activations, and mobile retail.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

ShopCore Properties owns and operates a nationwide portfolio of community, power, and grocery-anchored shopping centers as well as office properties. The company leases retail and office spaces to tenants through long-term agreements, and also offers specialty leasing programs that provide flexible short-term solutions including pop-ups, seasonal activations, mobile retail, and experiential marketing. The portfolio spans markets such as Seattle, Pasadena, Chicago, Davenport (FL), Philadelphia, and Puyallup, and is delivered through an integrated platform of asset management, construction, leasing, and property operations.

Product overview

ShopCore Properties is a commercial real estate operating platform that specializes in retail and office spaces for lease. The company offers property management, leasing services, and specialty leasing programs including pop-ups, seasonal activations, mobile retail, and experiential marketing solutions. The company manages a nationwide portfolio of properties combining assets from ShopCore, ROIC, and EQ Office under the Perform Properties brand.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Space Leasing
• Office Space Leasing Long-term leasing of office space in commercial office properties such as Willis Tower (Chicago) and US Bank Center (Seattle), targeting businesses seeking high-quality, well-maintained workplaces with curated amenities, wellness-driven design, and seamless building operations.
• Specialty Leasing Program Flexible short-term leasing solutions including pop-up shops, seasonal activations, mobile retail, and experiential marketing, designed to support entrepreneurs, emerging brands, and national retailers with high-visibility locations and built-in foot traffic.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Seattle RestoredcoreGTM or Marketing PartnerPartnership program supporting local entrepreneurs and small businesses to establish brick-and-mortar presence through pop-up shops at Perform Properties locations. Seattle Restored is an initiative in partnership with the Seattle Office of Economic Development and Good Business Network of Washington that creates new pathways for small businesses to grow.
• Seattle Office of Economic DevelopmentcoreStrategic or Co-development PartnerGovernment partner in the Seattle Restored program, working to support economic development and small business growth in Seattle through commercial real estate partnerships.
• Good Business Network of WashingtoncoreStrategic or Co-development PartnerNonprofit partner in the Seattle Restored initiative focused on supporting good business practices and helping small businesses access commercial space.
• BOMA (Building Owners and Managers Association)minorGTM or Marketing PartnerIndustry association partnership through Chicago Pride Parade sponsorship at Willis Tower, joining industry peers and community members in support of visibility, inclusion, and connection.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Regency Centers: Regency Centers (NASDAQ: REG) is a leading publicly-traded REIT focused on grocery-anchored shopping centers in densely populated U.S. markets. Its tenant mix and property strategy closely align with ShopCore's "community and grocery-anchored" positioning.
• Kimco Realty: Kimco Realty (NYSE: KIM) is one of the largest publicly-traded open-air shopping center REITs in North America, owning and operating grocery-anchored and value-oriented retail centers with a comparable national footprint and tenant base.
• Brixmor Property Group: Brixmor Property Group (NYSE: BRX) owns and operates a high-quality, national portfolio of open-air shopping centers, with a strong focus on grocery-anchored and necessity-based retail similar to ShopCore's platform.
• Phillips Edison & Company: Phillips Edison & Company (NASDAQ: PECO) operates a national portfolio of grocery-anchored shopping centers, focusing on necessity-based retail with anchor tenants like Kroger and Albertsons, closely overlapping ShopCore's grocery-anchored model.
• Federal Realty Investment Trust: Federal Realty (NYSE: FRT) is a REIT specializing in high-quality, open-air retail destinations and mixed-use properties in top U.S. markets, comparable to ShopCore's high-traffic, community-anchored centers.
• Kite Realty Group: Kite Realty Group (NYSE: KRG) is a national, publicly-traded REIT operating high-quality, open-air shopping centers predominantly anchored by grocery and necessity-based retailers, with a similar operating model and tenant mix to ShopCore.
• SITE Centers: SITE Centers (NYSE: SITC) is a pure-play open-air shopping center REIT, with a portfolio of grocery-anchored and convenience-oriented centers across the U.S., making it a direct operating comparable to ShopCore Properties.

Broad incumbents

• Simon Property Group: Simon Property Group (NYSE: SPG) is the largest publicly-traded U.S. REIT, owning premier malls, premium outlets, and mixed-use properties. While broader in scope and more mall-focused, it competes for retail tenants and capital allocation within the same shopping center property category.
• Brookfield Property Partners: Brookfield Property Partners is one of the world's largest commercial real estate operators, with significant retail and office assets. Given ShopCore's origin tied to Blackstone retail platforms and the EQ Office combination, Brookfield serves as a comparable large-scale real estate platform peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights6 records

Customer concentration

• Xx.com/ShopCoreProp
• Facebookfacebook.com/PerformProperties
• LinkedInlinkedin.com/company/performproperties
• Instagraminstagram.com/perform.properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ShopCore Properties